- Status:
- Active
- Prop. Type:
- Multi-Family Commercial
- MLS® Num:
- C8071106
- Build. Type:
- Mixed Use
- Photos (25)
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This well-maintained, four-suite revenue property sits on a valuable 50' x 120' RM-4 zoned lot in the heart of Kitsilano, one of Vancouver’s most desirable neighborhoods. Offering immediate rental income and significant long-term development potential (6.5 FSR if assembled), this property is an exceptional investment opportunity. The building has undergone numerous recent upgrades, including a new roof, double-glazed windows, two modern hot water tanks, enhanced attic insulation, and fresh exterior paint. The common areas have been refreshed with new carpeting and updated paint, fostering an inviting atmosphere for tenants. Two suites have been fully renovated with modern finishes, while the remaining units have received partial upgrades, including updated bathrooms and paint throughout.
- Sale Type:
- Asset
- Ownership:
- Freehold
- Property Type:
- Multi-Family Commercial
- Commercial Type:
- Multi Family
- Construction:
- Frame Wood
- Num Storeys:
- 3
- Building Type:
- Mixed Use
- # Units Total:
- 4
- # Other Units:
- 0
- # of Apartments:
- 4
- # of Studio Apartments:
- 0
- # of Penthouse Apartments:
- 0
- # of Bachelor Apartments:
- 0
- # of 4+ Bedroom Apartments:
- 0
- # of 1 Bedroom Apartments:
- 1
- # of 2 Bedroom Apartments:
- 1
- # of 3 Bedroom Apartments:
- 2
- Living Area:
- 3,807 sq. ft.
- Subject Property Depth:
- 120'
- Subject Property Width:
- 50'
- Lot Area:
- 6,098.4 sq. ft.
- Zoning:
- RM-4
- Potential to Redevelop:
- SEE REMARKS, No
- Fencing:
- Fenced
- Heating:
- Baseboard, Electric
- Cooling:
- Electric
- Electricity:
- Yes
- Services Connected:
- Electricity Connected, Natural Gas Connected, Street Lighting, Sidewalk
- Sewer:
- Public Sewer
- Parcel Number:
- 015212599
- Taxes:
- $11,721.1 / 2025
- Balconies, Laundry Facility
- No
- Water Supply:
- Public
- Water Rights:
- No
- Roof:
- Asphalt
- Potential to Redevelop:
- SEE REMARKS, No
- Env Assmt Phase:
- No
- Cap Rate %:
- 2.4
- Gross Income:
- 102761.0
- Oper. Expenses:
- 36290.0
- Other Income:
- $0
- Effective Gross Income:
- $0
- Net Operating Income:
- $66,471
- Original Price:
- $2,775,000
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View of front of home featuring stucco siding -
View of property exterior with stucco siding and a balcony
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View of property exterior featuring a balcony, stucco siding, and a yard
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View of street
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View of front of house featuring a balcony and stucco siding
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Back of property featuring a balcony and stucco siding
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View of yard
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Entryway featuring carpet
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Stairs featuring carpet floors
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Stairway with baseboard heating and carpet flooring
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Property entrance
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Living area featuring dark wood-style floors and a baseboard heating unit
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Living area featuring wood finished floors and a baseboard radiator
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Kitchen with white appliances, light countertops, a peninsula, light wood-style flooring, and under cabinet range hood
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Kitchen with white appliances, a peninsula, light countertops, light wood-style flooring, and a high ceiling
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Kitchen featuring white appliances, light countertops, brown cabinetry, glass insert cabinets, and light wood-style floors
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Dining room featuring baseboard heating and wood finished floors
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Full bathroom with vanity and shower / tub combo
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Bedroom featuring dark wood-type flooring
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Office space featuring wood finished floors and baseboards
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Bedroom with baseboard heating and wood finished floors
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Staircase with electric panel
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Washroom with washing machine and clothes dryer
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Utilities with gas water heater
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Garage with washer / clothes dryer and bike storage
Listed by Dexter Realty
Data was last updated August 4, 2025 at 06:40 AM (UTC)
- Kris Pope, Personal Real Estate Corporation
- Dexter Realty
- 604-318-5226
- Contact by Email
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.
Copyright 2025 by the Greater Vancouver REALTORS®,
Fraser Valley Real Estate Board, Calgary Real Estate Board Cooperative Ltd.,
REALTORS® Association of Edmonton, Chilliwack & District Real Estate Board,
BC Northern Real Estate Board and Kootenay Real Estate Board. All Rights Reserved.
South Granville
Yaletown
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.